Africa’s hotel sector adding 11% more rooms

Africa’s hotel sector adding 11% more rooms

Africa’s hotel sector adding 11% more rooms

Africa currently has 301 hotel projects in the pipeline, accounting for 57,011 rooms, or 11.0% of the continent’s existing room supply, according to STR. Thomas Emanuel, STR’s director of business development, said: “Across Africa, we’ve seen mixed performance results to date. In local currencies, rates are up in several countries, including Egypt, Morocco and South Africa, but in many instances…

AGCS partners with Cyence to boost cyber expertise and modelling

AGCS partners with Cyence to boost cyber expertise and modelling

AGCS partners with Cyence to boost cyber expertise and modelling

Allianz Global Corporate & Specialty (AGCS) has partnered with Silicon Valley’s Cyence, a cyber risk analytics and modelling firm, with the promise of offering large corporate clients tailored cyber cover while developing an automated, self-service route for medium-sized firms. The partnership also plans to develop a new model for cyber business interruption risk, to better deliver for clients. AGCS said…

Swiss Re Corporate Solutions focused on insurance that is fit for purpose

Swiss Re Corporate Solutions focused on insurance that is fit for purpose

Swiss Re Corporate Solutions focused on insurance that is fit for purpose

The development of non-damage business interruption (NDBI) policies and the advent of cyber risk policies have both helped shape the focus of Swiss Re Corporate Solutions’ Africa business. In the 30 months since Swiss Re Corporate Solutions opened its doors in South Africa, the company has been developing its strategic approach. Natasha Wally, country manager South Africa, said the plan…

Supply chain a strategic risk

Supply chain a strategic risk

Supply chain a strategic risk

 With business interruption cited as the number one risk by risk professionals the world over in the annual Allianz Risk Barometer for four consecutive years, it is no wonder supply chain risk remains high on the risk agenda. Commercial Risk Africa recently held a one-day forum in Johannesburg, together with the Global Transport Asset Intelligence Bureau, as Liz Booth reports…

Insured risks escalating  as supply chains grow  in complexity

Insured risks escalating as supply chains grow in complexity

Insured risks escalating  as supply chains grow  in complexity

  Increased incidence of natural disasters and accumulation of risk have pushed up global insured losses Supply chain is a global issue. More than 80% of the world’s goods are transported by sea, whether that is the raw commodity or the finished article. While Sub Saharan Africa may not be the biggest region in terms of imports, it is often…

Risk managers and supply chain must work together

Risk managers and supply chain must work together

Risk managers and supply chain must work together

Better communication within organisations can mitigate the issues of supply chain risk, delegates at Commercial Risk Africa’s recent supply chain event in South Africa heard   The breakdown of any supply chain causes a major threat to every business along the route but, too often, separate parts of the organisation are not communicating fully, ultimately increasing that risk significantly. As…

Is insuring loss of power in Africa viable?

Is insuring loss of power in Africa viable?

Is insuring loss of power in Africa viable?

Estimates suggest that of the 1.2 billion people in the world who do not have access to electricity, half live in Africa. One way forward to solve Africa’s power supply problem is to give people access to electricity through the development of off-grid and ‘mini-grid’ solutions. However, this technology remains nascent and there are a number of barriers to widespread uptake.